On this week’s Animal Spirits with Michael & Ben we discuss:
- My recent trip to Disney.
- Has the Fed been punishing savers through low interest rate policies?
- What’s a retiree to do when yields are so low?
- Is there a fair valuation for the stock market? Has it changed over time?
- Are investors holding too much or too little cash in their brokerage accounts?
- Do different cultures have different feelings about risk?
- Why it was so difficult to invest in stocks in 2009 and 2010.
- How unique this stock market run has been.
- What’s the best insurance for a black swan event?
- Will podcasting kill conferences?
Listen here:
Stories discussed:
- Move to the beach and live off the interest?
- What if risk-free returns slowly go away?
- Slumbering bear holds a lot of answers
- Could a Trump presidency lead to a stock market bubble?
- The ignorance of the future
- Larry Fink joins Ray Dalio in warning against sitting in cash
- Dalio says bonds face biggest bear market in almost 40 years
- By most measures stocks no longer look cheap
- US stocks surge back towards bubble territory
- The energizer market
- Even with low returns bonds still have their use
- Will podcasting kill the conference?
Books mentioned:
- The Idea Factory: Bell Labs and the Great Age of Innovation
- Savage Harvest: Tale of Cannibals, Colonialism, and Michael Rockafeller’s Tragic Que
- Red Notice: A True Story of High Finance, Murder, and One Man’s Fight for Justice
- Traffic: Why We Drive the Way We Do (and What it Says About Us)
Podcasts mentioned:
Charts mentioned:
Cartoons mentions:
I gave a speech to a very large group of advisors who worked for a bank in Italy a few years ago. It was an awesome experience. This was the intro they created for my speech (which I mention in a story on this episode).
Email us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
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